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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Chase Venture Capital Associates, LLC ("CVCA, LLC") (FN 1)
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(Last) (First) (Middle)
c/o Chase Capital Partners
380 Madison Avenue, 12th Floor
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(Street)
New York New York 10017
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Landec Corporation ("LNDC")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
January 2000
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5. If Amendment, Date of Original (Month/Year)
February 1997
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
|_| Form filed by one Reporting Person
|X| Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ---------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock N/A N/A N/A 1,306,817 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 6
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ --------------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options $.575 12/14/93 A A * 12/15/98 Common 3,478 -0- 3,478 I (FN 2)
(right to buy) Stock
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Options $.8625 5/25/95 A A ** 5/25/05 Common 3,478 -0- 3,478 I (FN 2)
(right to buy) Stock
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Options $9.34 12/14/93 A A 1/26/96 1/26/06 Common 5,000 -0- 5,000 I (FN 2)
(right to buy) Stock
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Options $.86 5/27/95 A A 5/27/95 5/27/05 Common 3,478 -0- 3,478 I (FN 2)
(right to buy) Stock
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Options $7.625 2/2/97 A A 2/2/97 2/2/07 Common 20,000 -0- 20,000 I (FN 2)
(right to buy) Stock
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</TABLE>
Explanation of Responses:
(1) Pursuant to an internal reorganization effective as of January 1, 2000,
(i) Chase Venture Capital Associates, LLC ("CVCA, LLC") became the
successor to Chase Venture Capital Associates, LP ("CVCA, LP"), (ii)
CCP-SBIC Manager, LLC, a newly organized wholly-owned subsidiary of Chase
Capital Partners ("CCP"), became the managing member of CVCA, LLC, and
(iii) CCP-CMC Consolidating, LLC ("Consolidating"), a newly-organized
affiliate of CCP, became the non-managing member of CVCA, LLC. CCP is the
managing member of Consolidating, and pursuant to a master advisory
agreement with CCP-SBIC Manager, LLC and Consolidating, the manager, by
delegation, of CVCA, LLC. Prior to the internal reorganization, CCP was
the general partner, and the sole shareholder of Consolidating was the
limited partner, of CVCA, LP. The internal reorganization changed CVCA,
LP's name and form of organization but did not alter the proportionate
interests of its ultimate security holders.
(2) The Options identified in the first three rows of Table II were granted to
Mitchell J. Blutt, M.D., a general partner of CCP, the managing member of
the two members, and the manager by delegation, of CVCA, LLC., Dr. Blutt
is contractually obligated to transfer any shares issued under the Options
to the reporting person.
(3) The Options identified in the last two rows of Table II were granted to
Damion E. Wicker, M.D., a general partner of CCP, the managing member of
the two members, and the manager by delegation, of CVCA, LLC. Mr. Wicker
is contractually obligated to transfer any shares issued under the Options
to the reporting person.
* The option becomes exercisable at a rate of 1/48 monthly from the date of
grant
** The option becomes exercisable at a rate of 1/4 at the end of one year
following the date of grant and 1/48 per month thereafter
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Chase Venture Capital Associates, LLC 2/ /2000
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** Signature of Reporting Person Date
By: Chase Venture Capital Partners, as Manager
By:
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Title: of Chase Capital Partners
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Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Page 2 of 6
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<TABLE>
<CAPTION>
Name of Address of Designated Statement Issuer Name, Title of Amount of Ownership Nature of Disclaims
Reporting Person Reporter(1) for Ticker or Security Securities Form: Indirect Pecuniary
month/year Trading Beneficially Direct (D) Beneficial Interest
Symbol Owned or Indirect(I) Ownership
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Ana Carolina Aidar Chase Venture January, Landec Common 35,434 I See Explanatory Yes
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
Rua Verbo Divino, 1400
Sao Paulo, Brazil, SP
04719-002
John R. Baron Chase Venture January, Landec Common 35,434 I See Explanatory NO
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
Christoper C. Behrens Chase Venture January, Landec Common 35,434 I See Explanatory Yes
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
Mitchell J. Blutt Chase Venture January, Landec Common 35,434 I See Explanatory NO
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
David S. Britts Chase Venture January, Landec Common 35,434 I See Explanatory Yes
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
50 California Street
San Francisco,
CA 94111
Arnold L. Chavkin Chase Venture January, Landec Common 35,434 I See Explanatory No
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
David J. Gilbert Chase Venture January, Landec Common 35,434 I See Explanatory Yes
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
Eric A. Green Chase Venture January, Landec Common 35,434 I See Explanatory Yes
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
Michael R. Hannon Chase Venture January, Landec Common 35,434 I See Explanatory No
c/o Chase Capital Capital 2000 Corporation Stock Note 2 below
Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Donald J. Hofmann Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
Jonathan Meggs Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
125 London Wall
London EC2Y 5AJ, United
Kingdom
Stephen P Murray Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
John M.B. O'Connor Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
Bob Rugggiero Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
Susan L. Segal Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
Shahan D. Soghikian Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
c/o Chase Capital Associates, LLC ("LNDC") Note 2 below
Partners
50 California Street, Suite
2940
San Francisco, CA 94111
Lindsay Stuart Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
125 London Wall
London EC2Y 5AJ, United
Kingdom
Patrick Sullivan Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
Jeffrey C. Walker Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Associates, LLC ("LNDC") Note 2 below
380 Madison Avenue 12th
Floor
New York, NY 10017
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Timothy J. Walsh Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Capital Corporation Note 2 below
380 Madison Avenue Associates, LLC ("LNDC")
12th Floor
New York, NY 10017
Richard D. Waters Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory Yes
c/o Chase Capital Partners Capital Corporation Note 2 below
380 Madison Avenue Associates, LLC ("LNDC")
12th Floor
New York, NY 10017
Damion E. Wicker Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Capital Corporation Note 2 and
380 Madison Avenue Associates, LLC ("LNDC") 3 below
12th Floor
New York, NY 10017
CCP European Principals, Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
LLC Capital Corporation Note 2 below
c/o Chase Capital Partners Associates, LLC ("LNDC")
380 Madison Avenue
12th Floor
New York, NY 10017
CCP Principals, LLC Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Capital Corporation Note 2 below
380 Madison Avenue Associates, LLC ("LNDC")
12th Floor
New York, NY 10017
Chase Capital Corporation Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Capital Corporation Note 2 below
380 Madison Avenue Associates, LLC ("LNDC")
12th Floor
New York, NY 10017
The Chase Manahattan Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
Corporation Capital Corporation Note 4 below
270 Park Avenue Associates, LLC ("LNDC")
35th Floor
New York, NY 10017
Chase Capital Partners Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
380 Madison Avenue Capital Corporation Note 5 below
12th Floor Associates, LLC ("LNDC")
New York, NY 10017
CCP-SBIC Manager, LLC Chase Venture January, 2000 Landec Common Stock 35,434 I See Explanatory No
c/o Chase Capital Partners Capital Corporation Note 6 below
380 Madison Avenue Associates, LLC ("LNDC")
12th Floor
New York, NY 10017
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CCP-CCMC Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
Consolidating, LLC c/o Associates, LLC ("LNDC") Note 7 below
Chase Capital Partners
380 Madison Avenue
New York, N.Y. 10017
David L. Ferguson Chase Venture Capital January, 2000 Landec Corporation Common Stock 35,434 I See Explanatory No
c/o Chase Capital Associates, LLC ("LNDC") Note 8 below
Partners
380 Madison Avenue
12th Floor
New York, N.Y. 10017
</TABLE>
Explanatory Note:
1) The Designated Reporter is executing this report on behalf of all reporting
persons, each of whom has authorized it to do so.
2) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because the reporting person is a partner
of Chase Capital Partners ("CCP"), which is the sole managing member of (a)
CCP-SBIC Manager, LLC ("CCP-SBIC"), the sole managing member of CVCA, LLC and
(b) CCP-CMC Consolidating, LLC ("Consolidating"), the non-managing member of
CVCA, LLC. CCP is also the manager, by delegation, of CVCA, LLC, pursuant to an
advisory agreement with CCP-SBIC and Consolidating. The actual pro rata portion
of such beneficial ownership that may be deemed to be attributable to the
reporting person is not readily determinable because it is subject to several
variables, including internal rate of return and vesting interests within CCP
and CVCA, LLC.
(3) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he is a partner of CCP, the sole
managing member of the two members of CVCA, LLC and the manager, by delegation,
of CVCA, LLC. The actual pro rata portion of such beneficial ownership that may
be deemed attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting within CCP and CVCA, LLC. The reporting person is a director
of the Issuer.
(4) The amounts shown in Tables I and II represent beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole stockholder of the
Chase Capital Corporation, a general partner of CCP, the sole managing member of
the two members of CVCA, LLC and the manager, by delegation, of CVCA, LLC. The
actual pro rata portion of such beneficial ownership that may be attributable to
the reporting person is not readily determinable because it is subject to
several variables, including the internal rate of return and vesting of
interests within CCP and CVCA, LLC.
(5) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole managing member of
(a) CCP-SBIC, the sole managing member of CVCA and (b) Consolidating, the
non-managing member of CVCA, LLC. CCP is also the manager, by delegation, of
CVCA, LLC pursuant to an advisory agreement with CCP-SBIC and Consolidating. The
actual pro rata portion of such beneficial ownership that may be deemed to be
attributable to the reporting person is not readily determinable because it is
subject to several variables, including the internal rate of return and vesting
of interests within CCP and CVCA, LLC.
(6) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole managing member of
CVCA, LLC. The actual pro rata portion of such beneficial ownership that may be
deemed to be attributable to the reporting person is not readily determinable
because it is subject to several variables, including the internal rate of
return and vesting of interests within CVCA, LLC.
(7) The amounts shown in Tables I and II represent the beneficial ownership of
the Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because it is the sole non-managing member
of CVCA, LLC. The actual pro rata portion of such benefical ownership that may
be deemed to be attributable to the reporting person is not readily
determinable because it is subject to several variables, including the internal
rate of return and vesting of interests within CCP and CVCA, LLC.
(8) The amount shown in Table I represents the beneficial ownership of the
Issuer's equity securities by CVCA, LLC, a portion of which may be deemed
attributable to the reporting person because he was a general partner of CCP,
the sole managing member of the two members of CVCA, LLC, and the manager, by
delegation, of CVCA, LLC, until June 1, 1999. The actual pro rata portion of
such beneficial ownership that may be deemed to be attributable to the reporting
person is not readily determinable because it is subject to several variables,
including the internal rate of return and vesting within CCP and CVCA, LLC.
